Industry Insights

The global collagen market size was estimated at USD 3.71 billion in 2016 and is expected to witness substantial growth over the forecast period, mainly as a result of the growing demand from key application verticals, including food & beverages, cosmetics, and healthcare, among others.

The growth of the food & beverages and healthcare industries can be attributed to the growing population, growing geriatric population, and rising purchasing capacity of consumers, most particularly in emerging economies such as China, India, and Brazil.

U.S. collagen market revenue, by source, 2014 - 2025 (USD Million)

The global collagen industry has been segmented on the basis of source, product, application, and region. The source segment covers bovine, porcine, poultry, and marine.

Among these sources, bovine is the most commonly used source for extraction and synthesis of collagen-based products. The future growth of the overall industry is expected to be driven by the marine segment, as a result of increased R&D investments and activities by key manufacturers to develop advanced extraction and synthesis techniques for fish collagen.

Another key driver for the industry is the increasing demand for cosmetic products to cater to the requirements of the geriatric as well as youth population, wherein the focus has been aligned with skin rejuvenation and personal care.

The key challenges faced by the industry include the growing concerns among consumers regarding transfer of diseases from the products sourced from animals. In addition, cultural and social concerns also play significant roles in restricting the growth of the overall industry, most notably in emerging regions such as Asia Pacific.

Asia Pacific is estimated to grow the highest during the forecast period, owing to the availability of raw materials, low production costs, the presence of a large number of manufacturers, and increasing demand for skin care and personal care products among consumers.

Source Insights

The key sources covered in this research study are bovine, porcine, poultry, and marine, among others. In 2016, the bovine segment dominated the overall industry, accounting for revenues of over USD 1,200 million, globally. This segment is also expected to witness significant growth over the coming years, mainly owing to the possibility of high volume extraction and the growing demand for advanced skin care and pharmaceutical products.

Porcine source category is the second most commonly used source for the extraction of collagen and related products and is expected to witness substantial growth on account of easy availability and growing applications of porcine collagen in skin-care and personal care industries.

The marine segment is anticipated to grow at the fastest rate during the forecast years, at a CAGR of 7.6% during the forecast period. This growth is driven mainly by the increasing R&D activities and investments for the development of advanced extraction techniques as well as easy availability of raw materials.

Product Insights

Gelatin and hydrolyzed collagen are the key product segments considered in this research study. Globally, the gelatin segment accounted for the highest share of the overall industry in 2016, owing to the vast application scope in key application industries such as food & beverages, pharmaceuticals, and cosmetics. This segment accounted for revenues of over USD 2,500 million in 2016.

The hydrolyzed collagen segment is projected to grow at the fastest CAGR of over 7% during the forecast period, in terms of revenue. The growing application scope of this product in healthcare applications can be regarded as one of the key factors driving the aforementioned trend.

Application Insights

The industry has been categorized into food & beverages, healthcare, and cosmetics, among others. The global industry is dominated by the healthcare segment as of 2016, which accounted for revenues of nearly USD 1,800 million in 2016, primarily driven by the growing geriatric population across the globe.

The cosmetics application segment was estimated at over 200 million in 2016 and is expected to witness substantial growth. The increasing importance of skin-rejuvenation, cell repair and anti-aging among the geriatric population is expected to drive the market demand for collagen based cosmetic and skin-care products.

Global collagen market share, by application, 2016 (%)

Furthermore, the growth of the overall industry is expected to be driven by the food & beverages segment, expected to witness the highest growth at over 7% in terms of revenue during the forecast years. This rapid growth can be attributed to increasing disposable incomes of consumers and increasing awareness regarding the positive impacts of collagen consumption.

Regional Insights

The Asia Pacific region offers high growth potential for the overall industry over the forecast years, primarily driven by the rising geriatric population, increasing disposable incomes of consumers, and rapidly-growing demand for skin care and personal care products in major countries of the region.

The increasing private and public investments, along with technological advancements, have led to significant growth of the healthcare industry in the Asia Pacific region. The growth of the healthcare industry, combined with the increasing R&D in the field of extraction and synthesis of the product, is expected to drive the future growth of the overall industry.

China accounts for the largest market for collagen in terms of volume and revenue in Asia. China’s rapid urbanization and strong economic growth has led to changing lifestyles and increasing disposable income, as a result of which there is a shift in consumer expenditure on lifestyle products such as skin-care, packaged foods, sports nutrition and others

The industry in Europe is currently witnessing average growth, mainly as a result of political instabilities and slow economy recovery in major parts of the region. Moreover, the presence of low cost products from Chinese manufacturers in the international market is also affecting the growth and success of manufacturers in this region.

Competitive Insights

The key participants in the global industry include Nitta-Gelatin, CONNOILS, Pan—Biotech GmbH, JBS-Brasil, and Advanced BioMatrix, among others. The global collagen market faces intense competition due to the presence highly integrated players with large number of raw materials suppliers.

The players have been increasingly shifting their focus onto R&D, new product developments, and expansion of production capacity as prime strategies to consolidate their positions in the global industry.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Volume in kilo tons; revenue in USD Million; and CAGR from 2016 to 2025

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the collagen market on the basis of source, product, application, and region: